Dubai Silicon Oasis

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Dubai Silicon Oasis Authority (DSO), owned by the Government of Dubai, is a free economic zone established in 2004 to facilitate and promote modern technology based industries.

Technological collaboration and continuous innovation are achieved by DSO’s urban master-planned community, which covers 7.2 million square metres, its advanced infrastructure, and in-house services. DSO’s highly experienced workforce made up of technology experts from all over the world, studies carefully the world’s best technology parks to identify and utilise particular essential elements for the success of technology-based enterprises.

DSO is a business hub, which is rich in hi-tech innovation, advanced technology and is highly convenient for clients. It offers a broad range of business and residential facilities. People living and working in the DSO community enjoy exceptional lifestyles.

Dubai Silicon Oasis Authority offers a complete range of benefits and incentives to companies housed within the free zone. It invests in outstanding entrepreneurs by providing investment funds together with a network of venture capitalists for additional funds to transform brilliant ideas into successful companies.

The Rochester Institute of Technology is housed in DSO, which means access to world-class technology graduates employed by the world’s best technology companies.

Where is it located?

Government of Dubai
Company Establishment & Affairs Dept.
Headquarters Building
PO BOX: 6009, U.A.E.
Tel: 00971 4 501 5000 / 00971 4 501 5230
Fax: 971 4 501 5030
Email: inquiries@dso.ae
Website: www.dsoa.ae

Describe the kind of businesses here? 

DSO offers a broad range of services designed to ensure that all clients’ needs are fulfilled.

  • Company set-up
  • Business licenses
  • Immigration Services and Issuing of Visas
  • Customs Clearance
  • IT Services
  • Other Services
  • Municipal Services

Who are your prominent clients?

DSO has close partnerships with a range of government authorities, enabling it to provide a variety of services to companies housed at DSO. Service is enhanced to DSO’s clients as most of the government partners are based on its facilities.

Based on DSO:

  • General Directorate of Residency and Foreigners Affairs
  • Etisalat (Telecommunications)
  • Dubai Customs
  • Dubai General Information Authority
  • Emirates Post
  • Dubai Health Authority
  • CID (Dubai Police)
  • Dubai Civil Defence

Not based on DSO:

  • Land Department
  • Department of Tourism and Commerce Marketing
  • Dubai Electricity & Water Authority

Major Clients

Some of the world’s pioneers of technology are based on DSO, including:

  • Fujitsu
  • Western Digital
  • Schneider Electric
  • Wavetec
  • Synopsys
  • Henkel
  • 3W Networks
  • Nortel Networks

What are the advantages of setting up business here?

  • No income tax
  • No corporate tax
  • No import or export tax
  • 100% foreign ownership
  • 100% repatriation of capital
  • Cost efficiencies
  • Hassle free and speedy company set-up and licensing
  • Stable, simple regulations
  • Direct access to MENA markets
  • Advanced IT infrastructure and systems with tier 3 data centre ideal for global or regional head offices
  • Dedicated business support with online E-Business system providing speedy and efficient services
  • Access to pool of talented technical and engineering personnel
  • Robust support and protection for IP development
  • First class R&D facilities
  • Investment incentives offered for hi-tech companies

What are the procedures for establishing a business here?

Step Client DSO
One Submit the Application: Complete the application form for the chosen company and submit it with documents required to DSOA – Commercial Sales Section Document pre-approval: Review of documents (activity & security check). Initial approval and invoices are issued to the client
Two Payment of fee and submission of legal documents: Payment of related fees and submission of legal documents Issue agreement: Issue lease agreement
Three Sign agreement and FZE / FZCO to submit share capital letter: Client signs the lease agreement and returns it to DSOA together with the bank share capital letter Issue License: Registration documents & license issued

 Documents Required

• Application Form
• Passport copy
• Letter of Intent
• Bank statement/reference letter or audited financial report
• Company business plan
• NOC – for UAE residents only

Duration

  • The application process takes seven days
  • The license and lease agreement is issued in two days following DSO’s receipt of all documents and payments

Registering Companies in the Administrative Zone in DSO

For clients wishing to operate a facility which is not owned by DSO Authority but by a private developer/owner in a private facility within the freehold/leasehold facilities of DSO then, they need to apply to DSOA’s Freehold Licensing Section.

Potential clients of DSO need to select and register their company and then select and obtain a business license to be able to operate the company.

Freehold Set-up Process

Step Client DSO
One Submit the application form: Complete the application form for the chosen company and submit it with required documents to DSOA – Company Establishment Affairs Section Document pre-approval: Subject to review of documents (activity & security check). Initial approval and invoices are issued to the client
Two Payment of fee and submission of legal documents: Payment of related fees and submission of legal documents Issue of letter for bank account: Issue a letter which allows the FZE / FZCO company to be able to open a bank account with a Dubai bank and deposit capital
Three FZE / FZCO to submit share capital letter: Client submits the bank share capital letter to DSOA Issue License: Registration documents & license issued

 Documents Required for Initial Approval – FZCO, FZE & Branch

  • Completed DSOA Freehold/leasehold application forms
  • DSOA Company Investment Plan (FZE & FZCO)
  • Recent Annual Financial Report (branch & non-individual shareholder audited, if available) or Bank Reference Letter (individual shareholder)
  • Power of Attorney (only required if signing on behalf of founders)
  • Project Summary letter
  • Passport copy of shareholder‘s (FZE & FZCO) & manager
  • Copy of Memorandum & Articles of Association and Certificate of Incorporation (branch & non-individual shareholder)
  • Trade License of the parent company or shareholder (applicable for local company only)
  • NOC from current sponsor (for individuals)
  • Complete Acknowledgement form (P&D)
  • Unit title deed
  • Office tenancy contract (required after initial approval and before registration)

 Documents Required for Initial Approval – Business Operation Permit

  • Letter of Intent
  • Fill in DSOA Business Operation Permit application form Freehold/leasehold acknowledgment form
  • Copy of manager’s passport
  • Copy of DED-Dubai Economic Development Trade License
  • Copy of the Unit Title Deed (issued by the Land Department under the unit owner name)
  • Office Tenancy Contract (needed following initial approval and before registration)

What is the cost of setting up business here? 

Capital Requirements for FZE / FZCO
Minimum capital required: AED 100,000
For FZE, each share in multiples of AED 100,000
For FZCO, each share in multiples of AED 10,000

Advantages 

DSO offers a broad range of services designed to ensure all clients’ needs are fulfilled.

  • Company set-up
  • Business licenses
  • Immigration Services and Issuing of Visas
  • Customs Clearance
  • IT Services
  • Other Services
  • Municipal Services

Company Set-up

The following types of companies can be set up at DSO:

  • Free Zone Establishment (FZE)
  • Free Zone Company (FZCO)
  • Branch

 What is the distance from various landmarks to this location? 

DSOA to airport – 24 km

DSOA to downtown – 17.2 km

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